Carrick Capital Partners’ co-CEO Jim Madden said about 20% of the firm’s Fund II LPs chose to roll their equity into Carrick’s first continuation vehicle, which he described as a $600 million vehicle, according to Venture Capital Journal. Venture Capital Journal reported the item under the headline “Carrick’s first CV delivers 10x MOIC to Fund II LPs,” and published it on 3 September 2026, according to Venture Capital Journal.
Continuation vehicle details
Carrick Capital Partners’ continuation vehicle is described as the firm’s first continuation vehicle and is sized at $600 million, according to Venture Capital Journal. Jim Madden, identified as co-CEO, said about 20% of Carrick Capital Partners’ Fund II limited partners opted to roll their equity into the continuation vehicle, Venture Capital Journal reported.
Reported outcome for Fund II LPs
Venture Capital Journal’s headline states that Carrick’s first continuation vehicle “delivers 10x MOIC to Fund II LPs,” according to Venture Capital Journal. The Venture Capital Journal excerpt attributes the “about 20%” rollover figure to Jim Madden, identified as co-CEO, and ties that rollover to the $600 million continuation vehicle, according to the publication.
Publication and classification
The story appears in Venture Capital Journal under “Firms & Funds,” and the page lists “TAGS” including “Fundraising,” “PEI Group Data,” “Secondaries,” and “US,” according to Venture Capital Journal. The article is attributed to Lawrence Aragon and dated 3 September 2026, according to Venture Capital Journal.
Context
Continuation vehicles are commonly used in private markets secondaries transactions to allow existing investors to sell or roll their stakes, and to provide a new vehicle to hold assets beyond the life of an existing fund. Venture Capital Journal tagged the Carrick transaction under “Secondaries” and “Fundraising,” according to Venture Capital Journal.
